Bauxite is used for making aluminum. Which of the following will happen if bauxite prices fall, assuming all else equal?
A) The labor demand curve of aluminum manufacturers will shift to the right.
B) The labor demand curve of aluminum manufacturers will shift to the left.
C) Aluminum manufacturers will move to a higher point along their labor demand curves.
D) Aluminum manufacturers will move to a lower point along their labor demand curves.
A
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The health care reforms passed by the U.S. government in 2010 are collectively referred to as
A) the Patient Protection and Affordable Care Act. B) socialized medicine. C) the National Health Service. D) the Medicare and Medicaid Cooperative.
According to the textbook, the good that emerged as money in World War II POW camps was
A) tinned beef. B) toilet paper. C) cigarettes. D) cheese.
Changes in interest rates cause a shift in:
a. the aggregate demand curve b. The aggregate supply curve c. The investment demand curve d. The production possibilities curve
The price of milk would be of particular interest to
A. a microeconomist. B. a macroeconomist. C. neither a microeconomist nor a macroeconomist. D. both a microeconomist and a macroeconomist.